France Fines 13 Firms $1.2 Bln For Price-fixing

PARIS (AP) — France's antitrust authority has slapped penalties totaling some 950 million euros ($1.2 billion) against 13 consumer-goods makers for illegally colluding on prices for hygiene and cleaning products including shampoos, toothpaste and detergents. In a statement Thursday, the agency said the collusion dated back to 2003-2006 and involved regular meetings to set prices and coordinate price hikes — at times secretly at restaurants or via correspondence to private homes.

Topics:  paris ap     france   prices   
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